RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the provisions of section 43B of the Income Tax Act, 1961 will not apply to RTA Registration Fee collected by vehicle dealers from the customers. The Tribunal also clarified that such sum is taxable only if the dealer does not discharge […]

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